Gulfport renewal lease....or any in Guernsey???

Hello all, I know many had signed lease before me, so i would think Id be hearing about some renewals by now. My 5 years is up in April. Anyone heard of Gulfport holding up to the renewal arrangement, or they just letting them go? Guernsey County Madison Township.

Yea Chuck, not much talking going on lately. Probably due to the lack of any activity round here. But with all the leases expiring this year,I'm sure this forum will soon see some jabber. There is a rig drilling in Guernsey again too, and another due to show up any day. Some Guernsey countians post on the main forum instead of this one.

A quick search of guernsey county recorder, showed Gulfport released 160 acre lease along McCoy road, in January. It was a Tri-Star Energy Holdings lease. I'm not familiar with the details of those. Actually, they have released 4 of them since first of the year.

'I'd say if they want a 1 year ,Lease extension,instead of 5 year, it should be worth 1/5 th of what the 5 year re-lease should have been. I recall that was $5000. per acre. So it should be $1000. per acre to extend the lease 1 year. They must be planning on drilling within a year? At least it's better than what Eclispe has been offering people to extend their leases. They want to extend 5 years,but want to pay in 1 year installments.

I was leased with Shell, Now Aubrey. I kind of like the one year lease Idea. Easier on Taxes! And maybe they will continue to re-new the new lease every year. Cheaper for them, if they aren't gonna drill right away. I also have 2 separate leases with Chesapeake. Not in a drilled unit yet. Maybe Aubrey is feeling out the landowners with leases coming due,to see what the mindset is?

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